Insider Filing: Christine Breves Adds 213.782 MPLX Units, Beneficial Ownership Updated
Rhea-AI Filing Summary
The filing reports that Christine S. Breves, a director of MPLX GP LLC (the general partner of MPLX LP), acquired 213.782 common units of MPLX on 08/15/2025 at a reported price of $0. After the transaction she beneficially owned 11,388.941 common units. The form indicates Breves files as a reporting person and was signed on behalf of Breves by Molly R. Benson, Attorney-in-Fact, on 08/19/2025.
Positive
- Reported acquisition recorded: 213.782 common units acquired on 08/15/2025
- Updated beneficial ownership disclosed: 11,388.941 common units following the transaction
- Clear governance disclosure: Reporting person identified as a director of MPLX GP LLC
Negative
- None.
Insights
TL;DR: Director purchase of 213.782 units increases reported beneficial ownership to 11,388.941 units; transaction was reported on Form 4.
The Form 4 documents a non-derivative acquisition by Christine S. Breves on 08/15/2025 of 213.782 common units at a reported price of $0, increasing her beneficial holdings to 11,388.941 units. The filing states Breves is a director of MPLX GP LLC, the general partner that manages the issuer. The report was executed by an attorney-in-fact and filed consistent with Section 16 reporting requirements. No additional financial terms, plan details, or explanations for the $0 price are provided in the filing.
TL;DR: Routine insider disclosure showing a director-level acquisition and updated beneficial ownership on the issuer's Form 4.
The document is a standard Section 16 Form 4 disclosing a director-level acquisition. It names the reporting person, her relationship to the issuer, the exact unit change (213.782 units acquired), and the resulting total beneficial ownership. The filing includes the required signature block signed by an attorney-in-fact. The form does not state whether the units were issued as compensation, transfer, or under a plan.